Green Thumb Industries (OTCMKTS:GTBIF) Trading Down 4.9% - Time to Sell?

Shares of Green Thumb Industries Inc. (OTCMKTS:GTBIF - Get Free Report) dropped 4.9% on Monday . The company traded as low as $6.21 and last traded at $6.24. Approximately 214,281 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 429,326 shares. The stock had previously closed at $6.56.

Green Thumb Industries Trading Down 0.9%

The stock has a 50 day moving average price of $5.43 and a two-hundred day moving average price of $6.17. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 30.63 and a beta of 1.18.

Green Thumb Industries (OTCMKTS:GTBIF - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). Green Thumb Industries had a net margin of 4.41% and a return on equity of 2.82%. The business had revenue of $279.54 million during the quarter, compared to analyst estimates of $283.36 million. On average, equities analysts forecast that Green Thumb Industries Inc. will post 0.32 EPS for the current fiscal year.

About Green Thumb Industries

Green Thumb Industries Inc manufactures, distributes, markets, and sells of cannabis products for medical and adult-use in the United States. It operates through two segments, Retail and Consumer Packaged Goods. The company offers cannabis flower; processed and packaged products, including pre-rolls, concentrates, vapes, capsules, tinctures, edibles, topicals, and other cannabis-related products under the &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RHYTHM brands.